Tom a swing back to rates and what were looking at. Youre aware the United States has a jobs report tomorrow. We call it super friday. Francine only the most important piece of Economic Data probably in the world apart from china if we see a slowdown. A little bit of news from retail sales. The e. C. B. Is meeting march 10. Increasing some 2 . Put that against the weaker than expected inflation and some pretty dire Economic Service data from the u. K. Tom the german yields, we will get to that and a data check as well. North korea has shown what it thinks about the new United Nations sanctions. Hours after the Security Council approved more sanctions to punish the country for a nuclear test and a robert launch, north korea was at it again. It test fired short range projectiles into the ocean. Investigators are examining debris they suspect came from that missing malaysian jetliner found in mozambique. A person familiar with the investigation says it appears to be part of a tail from a
Demand outlet. We begin with a bshb inbev agre to a deal. Johnson johnson has a mixed quarter. And twitter raising their guidance for the Third Quarter but making job cuts official as well. First up, anheuser busch, inbev and miller agreeing in personal on a deal in which ab would inquire sab for 104 million. That would have about onethird of the global beer market. Its the biggest deal ever in consumer staples. The fifth biggest mma transaction in history. Well see if if happt happens. It probably is going to happen at this point. A couple weeks we will have a definitive agreement what they call in the uk a rule 2. 7 filing. Simply giving us more details on the deal. For most peoples purposes, this deal is done. Lets consider is a done deal in terms of papering. Well see from here some of the more specifics. This then starts a process by which both companies certainly will need to go about divesting assets around the globe. One of the keys, as our viewers know, jim and i talked about
With respect to safe zones, we have thought about that. Ive thought about that a great deal. Ill begin and describe the concept of a safe zone would be to create a patch of syria that wearing people who are inclined to go there could go there and be protected. They would need to be protected because you can foresee that at least isil and other radical groups, and quite possibly elements of the assad regime would undertake to prove that it wasnt safe. And so it would have to be made safe and that takes us back to the question of whats and appropriate force of that size to protect a zone of that size . In our estimate it is substantial, and again i dont see as much as i wish otherwise offering to furnish that for us. I also think we have thought about who might want to reside such a zone. I think would be undesirable if you became a place into which people were pushed, say, from turkey or europe, expelled so to speak into this zone. I dont know what people who now live in the zone we thi
Last decade, billions of dollars were invested in upgrading refineries in texas louisiana and those were on the gulf coast to process heavy crude oil now we have a surplus of light crude. So its created problems. I think the concern of surplus of light crude, because they are typically the shale, those wells are very shortlived, but theyre much cheaper to drill in the army are once. So theres some issues with our be going to have to reinvest for those refiners another 2. 5 billion to handle the lighter crude . There are upgrading and new Construction Projects underway right now to allow the refiners to handle that. A lot of those are taking place in your district. As eia looked at the issues . In the past we typically choose whatever we refined in the country, but now we are producing so much more that its actually, were having those downstream jobs better exports. Back in houston were exporting just times in the last few years of low sulfur diesel. Because of the heavier crude we get
The United States, i will follow up on your comment here, are we ready to be able to expand . Or do we need to expand refining capabilities in the United States if were going to have a mix of more sweet and then the heavier crude from canada . Who wants to go with that one . Well, its difficult to convince refiners to expand capacity when the demand here in the u. S. Is going down. Typically, refineries are built closer to where consumers are. But we have a terrific advantage in technology and low natural gas prices. Natural gas is used as a refinery fuel that make our refineries the best in the world. Taking advantage of those situations i think is what the refiners are doing exporting products into the Global Market. Ms. Gordon . I could say that in terms of what was said earlier, Global Production has become very its not site specific. Its also going to happen in refi refining. So were seeing china adding Refining Capacity, saudi arabia adding Refining Capacity. Demand is really in